Announcement on Share Repurchase Plan
Stock Code: 300272 Stock Abbreviation: Kai Neng Health Announcement No.: 2026-033
Kai Neng Health Technology Group Co., Ltd.
Announcement on Share Repurchase Plan
The Company and all members of the Board of Directors guarantee the content of the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.
Important Content Reminder:
1. Basic Situation of the Repurchase Plan
Kai Neng Health Technology Group Co., Ltd. (hereinafter referred to as the "Company") plans to use its own or self-raised funds to repurchase the Company's shares through centralized bidding transactions. The main contents are as follows:
(1) Type of shares to be repurchased: The Company's issued RMB ordinary shares (A shares).
(2) Purpose of repurchasing shares: Equity incentive or employee stock ownership plan.
(3) Price of repurchasing shares: The repurchase price shall not exceed RMB 6.5 per share (not higher than 150% of the average trading price of the Company's shares in the 30 trading days prior to the Board's resolution on repurchasing shares).
(4) Total amount of funds for repurchasing shares: Not less than RMB 25 million (inclusive) and not more than RMB 50 million (inclusive).
(5) Number of shares to be repurchased: Calculated based on the upper limit of the repurchase price and the lower and upper limits of the repurchase funds, the estimated number of shares to be repurchased is between 3,846,154 shares and 7,692,307 shares, accounting for approximately 0.63% to 1.26% of the Company's current total share capital. The actual number of shares repurchased at the end of the repurchase shall prevail.
(6) Source of funds for repurchasing shares: The Company's own or self-raised funds.
(7) Implementation period of repurchasing shares: Within 6 months from the date of the Board's review and approval of the share repurchase plan.
(8) Method of repurchasing shares: Centralized bidding transaction.
(9) Situation of dedicated securities account for repurchase: The Company has opened a dedicated securities account for repurchase with the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited.
2. Explanation on Whether Related Shareholders Have Share Reduction Plans
As of the disclosure date of this announcement, the Company's directors, senior management, controlling shareholders, actual controllers, and their concerted parties have no share reduction plans in the next three months or the next six months. If related parties plan to reduce their holdings in the future, the Company will strictly comply with relevant laws and regulations and fulfill information disclosure obligations in a timely manner.
3. Risk Warning:
This share repurchase plan is subject to the uncertainty risk that the stock price may continuously exceed the upper repurchase price limit during the repurchase period, making the repurchase plan impossible to implement or only partially implementable.
This share repurchase plan may be subject to the risk of changing or terminating the repurchase plan due to significant changes in the Company's operating conditions, financial status, or external objective circumstances, in accordance with relevant regulations.
The Company will make repurchase decisions and implement them based on market conditions during the repurchase period and fulfill information disclosure obligations in a timely manner regarding the progress of the share repurchase matter. Investors are kindly requested to pay attention to investment risks.
In accordance with the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 9 - Share Repurchases," "Regulations on Share Repurchases by Listed Companies," and the "GEM Stock Listing Rules of the Shenzhen Stock Exchange," the Company's Seventh Board of Directors' Second Meeting held on August 5, 2026, deliberated and approved the "Proposal on the Company's Share Repurchase Plan." The specific details are hereby announced as follows: